A recent survey conducted by the Business Continuity Institute (BCI) identified three top concerns facing businesses as we move into 2012. These threats are globally recognised and appear at the top of the survey across many business sectors, in many cases overtaking the more traditional concerns that are typically acknowledged by business and commerce, they are:
- Unplanned IT and telecom outages
- Data breach (i.e. loss or theft of confidential information)
- Cyber attack (e.g. malware, denial of service)
For many businesses the nature of these threats can have far reaching consequences, for example data breach and cyber attacks may have negative impacts on reputation, as well as problems achieving compliance.
The survey also highlights the growing need to address a broader range of risk management tasks and scenarios affecting business continuity such as new laws and regulations, exchange rate volatility, and business ethics. All of this highlights the need for an all-encompassing approach to business continuity planning that can assess the modern threats alongside the more traditional risks such as supply chain disruption, utilities outages, adverse weather, and material shortages. In fact, good business continuity management provides all the necessary links between the objectives of a business, the accepted risks that it will take, and the methods and protocols needed to effectively manage these risks and vulnerabilities.
A common problem for many businesses in the current economic climate, is how to effectively address their growing vulnerabilities associated with IT systems, data security, and cyber attack, while budgets become tighter, yet this is a fundamental discipline as many organisations simply cannot recover from serious business continuity issues, IT outages, or loss of data, which in many cases leads to bankruptcy.
How we can help your business
Intersys® can provide you with comprehensive and cost-effective Business Continuity Management services and consultancy, and have a range of specific tools and applications to help you develop robust plans and solutions to suit your business.
Whatever the size of your operation and sector you operate in, consider Intersys® for your risk managements solutions.
More information:
www.supplychain-risk.com
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